Sound Income Strategies LLC Trims Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Sound Income Strategies LLC cut its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,062 shares of the real estate investment trust’s stock after selling 14,982 shares during the period. Sound Income Strategies LLC owned about 0.05% of Omega Healthcare Investors worth $5,301,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of OHI. Cornerstone Wealth Management LLC lifted its holdings in Omega Healthcare Investors by 1.9% during the fourth quarter. Cornerstone Wealth Management LLC now owns 58,283 shares of the real estate investment trust’s stock valued at $2,206,000 after purchasing an additional 1,081 shares in the last quarter. Teamwork Financial Advisors LLC bought a new stake in shares of Omega Healthcare Investors during the 4th quarter valued at $667,000. Mutual Advisors LLC raised its position in shares of Omega Healthcare Investors by 0.6% during the 4th quarter. Mutual Advisors LLC now owns 299,758 shares of the real estate investment trust’s stock valued at $11,343,000 after purchasing an additional 1,786 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Omega Healthcare Investors by 4.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 32,802 shares of the real estate investment trust’s stock valued at $1,242,000 after buying an additional 1,309 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its holdings in Omega Healthcare Investors by 1.6% in the 4th quarter. Simon Quick Advisors LLC now owns 21,586 shares of the real estate investment trust’s stock worth $817,000 after buying an additional 350 shares during the period. Institutional investors own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Mizuho boosted their price objective on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Wells Fargo & Company reissued an “overweight” rating and issued a $43.00 price target (up from $40.00) on shares of Omega Healthcare Investors in a report on Tuesday, October 1st. BNP Paribas upgraded Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a research note on Thursday, October 31st. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Monday, December 9th. Finally, Berenberg Bank assumed coverage on shares of Omega Healthcare Investors in a research report on Friday, October 18th. They set a “buy” rating and a $45.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of “Moderate Buy” and an average price target of $41.10.

Omega Healthcare Investors Stock Performance

Shares of Omega Healthcare Investors stock opened at $37.09 on Friday. Omega Healthcare Investors, Inc. has a 52 week low of $27.53 and a 52 week high of $44.42. The company has a market capitalization of $10.01 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 1.08 and a beta of 0.99. The stock’s fifty day moving average is $38.65 and its two-hundred day moving average is $38.89. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.10.

Omega Healthcare Investors Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.